Childrens Museum at Holyoke Inc

Analysis

Childrens Museum at Holyoke Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in March 1985, 41 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Childrens Museum at Holyoke Inc reported income of $610k and spending of $477k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $487k to $610k (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 129%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Museum at Holyoke Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Music in Common Inc ($610k), Know Theatre Tribe Inc ($610k) and Dallas Chamber Symphony ($609k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $64k (13% of expenses). Other salaries and wages came to $211k. At year end it held assets of $706k against liabilities of $1,235, net assets of $705k. It reported 19 employees.